Active

116 Madison Street

Brooklyn NY, 11216

$3,550,000


$1,557.02 per sqft

Active

8 Beds

5 Baths

2,280 sqft

Townhomes

Built in 1910

Prime Investment Opportunity in BedStuy West - 5-Family Townhouse on Madison Street

Located in the highly desirable BedStuy West, this newly renovated five-family townhouse on Madison Street offers an exceptional investment opportunity. With a Certificate of Occupancy already in place, this property is fully turnkey and ready to generate income from day one.

Each unit has been meticulously renovated, featuring modern amenities designed for comfortable living, including split-system heating and cooling for year-round comfort, stainless steel appliances for a sleek, contemporary kitchen, and in-unit washers and dryers for added convenience. The renovations have seamlessly blended modern finishes with the timeless charm of this classic Brooklyn townhouse.

Set in one of Brooklyn's most sought-after neighborhoods, this property is surrounded by popular cafes, restaurants, and shops, all while offering easy access to public transportation. The BedStuy rental market remains robust, ensuring a consistent stream of potential tenants for this five-family residence.

This property is ideal for investors looking to capitalize on Brooklyn's ever-growing market with minimal hassle and maximum return. Don't miss out on this rare chance to own in prime BedStuy West!

COMP-1683394437322833273

MLS ID

October 9, 2024

Listed

October 17, 2024

Updated

Map

116 Madison Street
Brooklyn NY, 11216

Interior Features

Total Stories

3


Bedrooms

8


Total Bathrooms

5


Full Bathrooms

5


Appliances

Dryer, Dishwasher, Washer


Laundry Description

In Unit, See Remarks


Floor Description

Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Exterior Features

Private Yard


Lot Features

Front Yard


Architectual Style

Walk-Up

Other Property Details

Taxes

$4,536


Tax Frequency

Annually


HOA Frequency

Monthly


Garage

No


View

No


County

Kings


Pool

No

Listing History

Date

Event

Price

10/16/2024

Price change

$3,550,000

-7%

Listed by Harvey Brdys with Compass
Listing Contact: (312) 918-3908 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 10/17/2024 at 10:53 AM UTC

 

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